The North Bay Project is a 40 MW gas-fired enhanced combined-cycle generating facility located in North Bay, Ontario adjacent to the TransCanada Mainline. The Project commenced commercial operation in 1989. Atlantic Power indirectly owns 100% of the Project.
The Project utilizes a process called enhanced combined-cycle generation to produce electricity from a traditional gas turbine generator and steam turbine generator set, and from steam produced from the hot exhaust gases from the two nearby TransCanada Mainline gas transmission compressor station turbines. Energy generated at North Bay is sold to the Ontario Electricity Financial Corporation under a long-term PPA expiring in 2017. Natural gas is provided to the Project under a long-term gas supply agreement with TransCanada Power Marketing that expires in 2017.
Atlantic Power operates and manages the Project. North Bay joined Atlantic Power as a result of our acquisition of Capital Power Income LP in November 2011.